MBE is a method for depositing thin crystalline films through the interaction of atomic or molecular beams with a heated crystalline substrate in ultra-high vacuum. It was invented in the 1960s and allows for very low growth rates around 3000nm per hour, enabling the deposition of pure monocrystalline layers. Key components of an MBE system include effusion cells that evaporate source materials, a substrate manipulator for heating and rotating the substrate, and various analytical tools like RHEED and RGA for characterization during growth. MBE provides precise control over film composition and allows separate evaporation of different materials, making it useful for applications like semiconductor devices.